NFO-L&T Emerging Business Fund- April 2014

L&T Mutual Fund launched new fund offer (NFO) L&T Emerging Business Fund, a closed ended scheme. The NFO Opens for subscription on 22 April 2014 & closes on 6 May 2014. No entry load will be applicable for the scheme.

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Scheme Details

Key Scheme Feature

Scheme Name

L&T Emerging Business Fund

Fund House

L & T

Type

Closed Ended - 2 years

Category

Mid Cap & Small Cap

Benchmark

S&P Small Cap Index

Option

Growth / Dividend

Fund Manager

Mr. S.N.Lahiri , Mr. Rajesh Pherwani & Mr. Abhijit Dakshikar

Scheme Name

L&T Emerging Business Fund

NFO Open

22 April 2014

NFO Close

6 May 2014

Scheme Type

A Two Year closed ended equity scheme with automatic conversion into an open ended equity scheme on completion of 2 years from the date of allotment

Investors willing to take exposure in equity and equity related securities

Objective

Investment Objective (NFO)

To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities , including equity derivatives, in the Indian market with focus on small cap stocks. The scheme could also invest in foreign securities.

Emerging companies are business which are typically in the early stage of development and have the potential to grow their revenues and profit at a higher rate as compare to broader market.

Stock Selection Idea (NFO)

The fund manager will adopt a methodology of bottom up stock selection, with an emphasis on first hand research.

Fund Manager

Soumendra Nath Lahiri:Mr. Lahiri holds a Post Graduate Diploma in Management from IIM Bangalore and an engineering degree as wellMr. Lahiri has over 21 years of rich experience of which 17 years of experience is in Equity Investments and Research. Prior to joining L&T AMC, he was Head of Equities at Canara Robeco AMC Co. Ltd., Chief Investment Officer – PMS at Emkay Investment Managers Ltd. (Jan, 11 to March, 11), Chief Investment Officer at Fortuna Capital (May, 2008 to December, 2010) and was also Co-Head – Equities with DSP Black Rock Investment Managers Pvt. Ltd. (June, 2004 to March, 2008).Abhijeet Dakshikar:Mr. Dakshikar is a B.E and M.M.S from FinanceHe has an experience of 10 years. Prior to this, he was with Mirae (AMC) for Jan,10-Jun,12 as Fund Manager, from Aug 2007-Sep 2009 as Research Analyst in RBS Equities Ltd., Ap 2004-Jul 2007 as Research Analyst in Man Financial Securities Ltd.Rajesh Pherwani:Prior to being the Fund Manager-Foreign Securities at L&T, he was Head of research at L&T and associated with HDFC AMC.N.A.

Fund House

L&T is one of the largest and most respected companies in India’s private sector and is among the top 20 companies in India based on market capitalisation. But beneath this legacy, the L&T Group reflects values based on integrity, transparency, professionalism and accountability. It is this value system that underpins each one of our businesses – engineering, construction, electrical and electronics, information technology and financial services.

L&T Finance Holdings Limited was incorporated by Larsen & Toubro Limited (“L&T”) on May 1, 2008, with the strategic intent of holding all the investments of the L&T Group in the financial services businesses. It was registered with the Reserve Bank of India (“RBI”) under Section 45-IA of the Reserve Bank of India Act, 1934, as a non-banking financial institution without accepting public deposits.